Will a Regulatory Crackdown Slam the Brakes on Fee Income at Banks?

The Consumer Financial Protection Bureau has consumer fees in the cross hairs, will banks be able to innovate to protect that key revenue source?

The Consumer Financial Protection Bureau and leading research groups like the Pew Institute have recently released reports citing wide inconsistencies and seemingly unfair practices among some banks' overdraft and fee policies.

With regulators circling, now is the time for banks to proactively find ways to improve consumer practices without sacrificing opportunities to profit.

In the video below, Motley Fool contributor Jay Jenkins highlights three banks that are ahead of the curve: Citigroup(NYSE:C), Bank of America(NYSE:BAC), and Capital One's (NYSE:COF) 360 product (originally developed by ING U.S.(NYSE:VOYA)).